Industrial production in Germany decreased by 3.1% m/m in December 2022

In 2022, the reduction amounted to 0.6% y/y
Germany’s economy increased by 1.9% in 2022

The economic situation was affected by the increase in energy prices and the war in Ukraine

The IMF predicts a decline in global economic growth in 2023

Business and consumer sentiment point to weaker activity in Q4 2022